Research >> Economics
Real Average Hourly Earnings increased 0.1% in July
Real average hourly earnings for all employees increased by 0.1 percent from June to July, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. This result stems from a 0.2-percent increase in average hourly earnings being partially offset by a 0.1-percent increase in the Consumer Price Index for All Urban Consumers (CPI-U).
Real average weekly earnings increased by 0.4 percent over the month due to the increase in real average hourly earnings combined with an increase of 0.3 percent in the average workweek.
Real average hourly earnings increased by 1.9 percent, seasonally adjusted, from July 2014 to July 2015. This increase in real average hourly earnings, combined with a 0.3-percent increase in the average workweek, resulted in a 2.2-percent increase in real average weekly earnings over this period.
Posted: August 19, 2015 Wednesday 08:30 AM